A trustee has been appointed for Pace Incorporated, which is being liquidated under Chapter 7 of the Bankruptcy Code. The following occurred after the assets were transferred to the trustee: 1. Sales on account by the trustee were $75,400. Cost of goods sold were $61,700, consisting of all Inventory transferred from Pace. 2. The trustee sold all $13,800 worth of marketable securities for $9,000. 3. Receivables collected by the trustee: old: New: $20,300 of the $39,400 transferred $46,200 4. Depreciation of $16,700 on the plant assets of $96,400 transferred from Pace were recorded. 5. Disbursements by the trustee: old current payables: Trustee's expenses: Required: $23,500 of the $49,300 transferred $5,500 Prepare a statement of realization and liquidation according to the traditional approach Illustrated in the chapter. Assets to be Realized Assets Acquired PACE CORPORATION Statement of Realization and Liquidation Assets Assets Realized Assets Not Realized Supplementary Items Supplementary Charges Supplementary Credits Liabilities Liquidated Liabilities Not Liquidated Liabilities Liabilities to be Liquidated S 0 Liabilities Incurred $ 0